The face-centered-cubic (fcc) to hexagonal close-packed (hcp) martensitic transformation exhibited by an as-cast Co-Cr-Mo-C alloy was investigated in this work. The alloy was annealed at 1150°C, water quenched, and then isothermally aged at 700°C to 900°C. Quantitative measurements of transformed hcp martensite (also known as e-martensite) as a function of time and temperature were used in plotting C curves describing the transformation kinetics. Moreover, microstructural characterization indicated that the transformation exhibited two distinctive e-martensite morphologies. In the neighborhood of coarse carbides, multiple nucleation events were linked to the formation of e-martensite, while in the bulk of the dendrite matrix, the dominant morphology was as straight plates. Kinetic determinations of activation energies, Q, in either region indicated that in platelike e-martensite, Q = 57.24 kcal/mol, but in ''pearlite''-like morphologies, Q = 37.88 kcal/mol. Apparently, as the activation energy was reduced, multiple nucleation events were favored leading to the ''pearlitic'' appearance.